Finished reading “Unknown market Wizards” by @jackschwager

It goes without saying that this man is a gem and his all books in Market Wizard series teaches you many things.

Here is the learning in the form of thread.

If you like it, you can share it with your friends. 1. The biggest lesson which Unknown market wizard teaches you is that there is no thumb rule of following any specific strategy .

You can be good in anything and you can make money.

Its not like you will have to learn only Technicals or only fundamentals.

One of the best book in trading is “Mindset Secrets for Winning” by @markminervini (one of the greatest in trading”

Completed the book some weeks back.

There is so much to share but I am sharing few important learnings

If you like it, you can share with your friends

Thank you 1. “The first thing you need to know about winning is simple: If
you don't have the right mindset, then your knowledge, practice, and even skills will be rendered ineffective when you need them most- in the real world.”

The most important thing in trading is right mindset.

THREAD - 9

“Relative Strength and its advantages “

This is one topic which I have been asked many times plus this is one thing where we as a community has been working on from last few months.

So here is what You should know about RS (my opinion)

Sorry in advance for mistake 1. Relative Strength is basically the measurement of the price of any stock or any financial instrument with respect to another stock .. Most of the time, we measure this with our Index which is NIFTY..
In simple words, Divide any stock with NIFTY and it will give you an idea.

THREAD - 8

“Myths regarding RSI (Relative Strength Index Indicator )”

And with that, I will be giving my opinion.

Sooner or later, I will covering some other concepts through this.

RSI is one of the most famous indicator but there are many misconceptions.

Here are my views- 1. RSI is used for only two things (Overbought and Oversold )

Ans- This is one of the worst concept out there..Most of the people fail because of this..There is much more than this..Start exploring..

Explore its divergence part..Many people ignore that.

THREAD - 2

“How to exit any trade?”

In last 4 months, finding a stock and entering into that is no big deal... Every single person can suggest many stocks to enter.. But the biggest problem which they face is - EXIT

Lets discuss the ways to exit - 1. One popular trader said -“ Entry is a choice but exits are mandatory “
And your overall performance depends mostly on your exit strategy.

In any public places (Movie hall, Auditorium) , EXIT signs are in big letter for a reason..

THREAD 1 -

What is Relative Strength and why we are #RSWarriors ?

Relative Strength is measure of the price trend of a stock or other financial instrument compared to another stock .
In simple words, you can calculate it by dividing one stock with another . 1. For us.
We take Index as the main thing which is NIFTY..

For me, Its basically a tool which helps you in finding the strength of the stock in overall market .
It is one of the indicator but it acts as a tool which is ahead with respect to most of the indicators.